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Ron Chalmers, edmontonjournal.com$ W3 c$ [0 t3 ~% Q
Published: Wednesday, April 04, 20077 b6 x1 Q8 R" j0 p2 F
! N- W4 I1 b. B/ R1 @: lAverage house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.. j' r. ^8 x+ J. a9 {
( S1 D/ G2 M2 k& u& x( O“It is clear that housing prices have not yet peaked,” Carolyn Pratt, president of th Edmonton Real Estate Board said Wednesday, releasing the March sales figures from the Mutiple Listing Service.; s9 v1 k" C. C2 X/ p9 G
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Edmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.
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2 Z; P7 \3 m {. M0 D* ~! FIn only the first three months of this year, average home prices have climbed 12.4 per cent, so Pratt has abandoned her earlier forecast of a 15 per cent increase for the full year.
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“We’re predicting that prices will continue to rise until August, at four to five per cent per month, then at two per cent per month,” she said today.
+ m) b- U+ k' h- v3 N+ @Average prices for single-family homes varied from $501,838 in Southwest Edmonton, and $484,168 in St. Albert, to $320,600 in Morinville, $312,730 in northeast Edmonton and $281,480 in central Edmonton. |
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